Abstract:
Sustainability reporting is a common business practice amongst
business organizations. Stakeholders need more transparency on environmental
issues and expect a large amount of information from corporates. To offset this
information asymmetry, reporting requirements as well as standards, are
implemented by governments around the globe. This study investigates factors
affecting environmental sustainability reporting in the Sri Lankan Hotel sector.
This study utilizes a quantitative approach for data collection and data analysis.
A questionnaire has been distributed for the investigation. Accountants and
Managers of Hotels in different provisions have been requested to answer an
online questionnaire. The employees of the companies hold different positions,
educational backgrounds and professional experiences. A total of 101 answers
were collected and analyzed using SPSS software quantitatively. Leadership
traits, stakeholder pressure, and government pressure affect sustainability
reporting in the hotel industry. The demographic variables (type of
accommodation, designation of the respondent, level of education, experience in
the hotel industry) are significantly related to environmental sustainability
reporting. The findings will originate the value with novelty and important
implications to the hotel managers and accountants in terms of environmental
sustainability reporting.
